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Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Student loan: How to apply for NELFUND

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NELFUND caps loan repayment at 10% of graduates’ monthly

Finance

Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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OpenAI raises $6.6bn, valuation soars to $157bn
News

OpenAI expands to Japan with new office launch

The artificial intelligence startup, OpenAI, moved into the Japanese market on Monday with the inauguration of its inaugural Asia office in Tokyo, marking a pivotal moment for the company’s global expansion efforts. In a video message, CEO Sam Altman expressed optimism about forging enduring partnerships with the people of Japan, government officials, businesses, and research […]

Samsung overtakes Apple as top phonemaker after iPhone shipments drop
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Samsung overtakes Apple as top phonemaker after iPhone shipments drop

Samsung has overtaken Apple as the phonemaker after Apple experienced a roughly 10% decline in smartphone shipments, attributed to heightened competition from Android manufacturers vying for dominance, according to data from research firm IDC released on Sunday. Despite this, global smartphone shipments saw a 7.8% increase to 289.4 million units between January and March. Samsung, […]

News

Finance minister hails SecureID over digitisation efforts

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has commended the smartcard manufacturing company, SecureID Limited, for its unwavering contributions to the country’s digitisation drive. This disclosure was made by the minister during a recent visit to SecureID Limited’s corporate headquarters, according to The Punch. Impressed by the factory’s capacity […]

News

PTML Customs generated N67bn revenue in Q1

Nigeria’s Customs Service Port & Terminal Multipurpose Limited Command, has disclosed that it generated a total of N66.9 billion in revenue for the first quarter of 2024. This was revealed by the Public Relations Officer of the command, Muhammad Yakubu in a statement on Saturday, according to the Punch. This shows a significant 49.6 per […]

Electricity

IKEDC adds new Band A feeders to boost power supply

The Ikeja Electricity Distribution Company has declared that it had added 34 new Band A feeders to its network aimed at increasing power supply to customers. This follows the meticulous monitoring and evaluation of power supply capacity by the Nigerian Electricity Regulatory Commission. Ikeja Disco posted via their X handle said “Premised on our demonstrated […]

News

NCC seizes N300m worth pirated books at Onne Port

The Nigerian Copyright Commission has recently said it intercepted three shipping containers laden with 3000 cartons of pirated books worth about N300 million at Onne Port, Rivers State. This was disclosed by the Director-General of the commission, Dr. John Asein in a press statement made available to newsmen in Abuja on Sunday, according to nairametrics. […]

News

DisCos struggle to satisfy Band A customers, other Bands neglected

Nigeria’s Electricity Regulatory Commission recently increased electricity tariff by 231 per cent for category A consumers. The new Multi-Year Tariff Order raised electricity rates for about two million customers from N68 per kilowatt to N255 per kilowatt. The NERC has ordered the 11 distribution companies to publish their list of customers in Band A, which […]

S’Africa joins Nigeria, to recall toxic cough syrup
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S’Africa joins Nigeria, to recall toxic cough syrup

The South African Health Products Regulatory Authority has issued a recall for specific batches of Johnson & Johnson’s children’s cough syrup due to elevated levels of diethylene glycol, a harmful substance. The affected batches were distributed in South Africa, Eswatini, Rwanda, Kenya, Tanzania, and Nigeria, as stated in a release on Saturday. This recall follows […]

Why many Nigerian fintechs may never make profits - Interswitch CEO
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Why many Nigerian fintechs may never make profits – Interswitch CEO

Founder and Group CEO of Interswitch, Mr. Mitchell Elegbe, remarked that numerous fintech ventures in Nigeria might struggle to achieve profitability due to their initial strategy of offering certain services for free. Elegbe made these known on Saturday during the 4th edition of the Doing Business in Nigeria Conference in Lagos. He emphasized that the […]

Top ten Nigeria universities in 2024
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Top ten Nigeria universities in 2024

Tertiary education in Nigeria constitutes a crucial element of the nation’s educational framework, extending advanced learning opportunities beyond secondary schooling. The Times Higher Education (THE) Rankings recently unveiled its 2024 rankings for the country’s leading universities. Recognized globally as premier benchmarks, THE World University Rankings meticulously assess research-intensive institutions across pillars such as teaching, research […]

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